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Apr 6, 2017
The subscription period for Qt Group Plc’s ("Qt" or the "Company") rights offering (the "Offering") of approximately EUR 15.3 million ended on 5 April 2017. According to preliminary results for the Offering, a total of 3,392,572 shares were subscribed for in the Offering, representing approximately 114.1 percent of the 2,974,039 new shares offered ("Offer Shares").
According to the preliminary result, approximately 97.9 percent of the Offer Shares were subscribed for pursuant to the subscription rights in the primary subscription and the remaining shares in the secondary subscription. The subscriptions made by shareholders and other investors by virtue of the secondary subscription will be approved in accordance with the terms and conditions of the rights issue. The shareholders and other investors that have used their right in the secondary subscription will be sent a confirmation letter on or about 13 April 2017 stating the number of shares to be distributed to them on the basis of the secondary subscription.
Trading in the interim shares representing the Offer Shares has commenced on Nasdaq Helsinki Ltd (the "Helsinki Stock Exchange") today, on 6 April 2017. Interim shares will be combined with the Company’s existing class of shares when the Offer Shares have been registered with the Finnish Trade Register on or about 13 April 2017. Trading in the Offer Shares on the official list of Helsinki Stock Exchange together with the Company's existing shares will commence on or about 18 April 2017.
Qt will announce the final results of the Offering on or about 12 April 2017 when the Company’s Board of Directors has accepted the share subscriptions.
Helsinki 6 April 2017
Qt Group Plc
Board of Directors
Additional information:
CEO Juha Varelius
Telephone: +358 9 8861 8040
Distribution:
Nasdaq Helsinki Ltd
Principal media
www.qt.io
Qt Group Plc
Qt Group Plc is responsible for Qt development, productization and licensing under commercial and open source licenses. The Qt offering includes a development environment that enables the reuse of software code across numerous different operating systems, platforms and screen types, ranging from desktops and embedded systems to wearables and mobile devices. Qt is used by approximately 1 million developers worldwide and is the leading independent technology behind millions of devices and applications. Qt is the platform of choice for in-vehicle systems, industrial automation devices and other business critical applications manufacturers, and is used by leading global players in 70+ industries. The Qt Company operates in China, Finland, Germany, Japan, Korea, Norway, Russia and USA with about 200 employees worldwide. The Qt Group is headquartered in Espoo, Finland and is listed on Nasdaq Helsinki Stock Exchange. The company’s net sales in year 2016 was 32.4 MEUR. To learn more visit http://qt.io
Qt Group includes The Qt Company Oy and its global subsidiaries and affiliates.